Kambi Group Correlations

KMBIF Stock

USD 12.40 0.00 0.00%

The current 90-days correlation between Kambi Group plc and Everi Holdings is -0.21 (i.e., Very good diversification). The correlation of Kambi Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Kambi Group Correlation With Market

Average diversification

The correlation between Kambi Group plc and DJI is 0.18 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Kambi Group plc and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Kambi Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Kambi Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Kambi Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Kambi Group plc to buy it.

Moving together with Kambi Pink Sheet

0.7	ARLUF	Aristocrat Leisure	Pair Corr
0.65	GMVHY	Entain DRC PLC	Pair Corr
0.72	GMVHF	Entain Plc	Pair Corr
0.66	ARTE	Artemis Strategic	Pair Corr
0.69	TRCA	Twin Ridge Capital	Pair Corr
0.81	AAC	Ares Acquisition	Pair Corr
0.78	APAC	Stonebridge Acquisition Symbol Change	Pair Corr
0.77	VRT	Vertiv Holdings	Pair Corr
0.82	PYPL	PayPal Holdings Aggressive Push	Pair Corr
0.74	APLD	Applied Blockchain	Pair Corr
0.67	CHH	Choice Hotels Intern	Pair Corr
0.65	NVDA	NVIDIA	Pair Corr

Moving against Kambi Pink Sheet

0.75	LNW	Light Wonder	Pair Corr
0.59	EVVTY	Evolution Gaming	Pair Corr
0.55	EVGGF	Evolution AB	Pair Corr

Related Correlations Analysis

	LNW	EVRI	AGS	ACEL	CHDN	GAN	RSI	LTRY	PDYPY
LNW		-0.52	-0.69	0.39	0.22	-0.41	-0.47	0.59	-0.15	LNW
EVRI	-0.52		0.86	-0.04	0.45	0.79	0.79	-0.91	0.06	EVRI
AGS	-0.69	0.86		-0.22	0.35	0.75	0.69	-0.87	-0.06	AGS
ACEL	0.39	-0.04	-0.22		0.24	0.01	0.21	0.03	-0.11	ACEL
CHDN	0.22	0.45	0.35	0.24		0.32	0.25	-0.34	-0.33	CHDN
GAN	-0.41	0.79	0.75	0.01	0.32		0.69	-0.65	0.01	GAN
RSI	-0.47	0.79	0.69	0.21	0.25	0.69		-0.74	0.02	RSI
LTRY	0.59	-0.91	-0.87	0.03	-0.34	-0.65	-0.74		-0.1	LTRY
PDYPY	-0.15	0.06	-0.06	-0.11	-0.33	0.01	0.02	-0.1		PDYPY
	LNW	EVRI	AGS	ACEL	CHDN	GAN	RSI	LTRY	PDYPY

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AGS	+ 0.86	EVRI
GAN	+ 0.79	EVRI
RSI	+ 0.79	EVRI
GAN	+ 0.75	AGS
RSI	+ 0.69	AGS
RSI	+ 0.69	GAN

High negative correlations

LTRY	- 0.91	EVRI
LTRY	- 0.87	AGS
LTRY	- 0.74	RSI
AGS	- 0.69	LNW
LTRY	- 0.65	GAN
EVRI	- 0.52	LNW

Risk-Adjusted Indicators

There is a big difference between Kambi Pink Sheet performing well and Kambi Group Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Kambi Group's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
LNW	1.59	(0.21)	0.00	(0.12)	0.00	0.00	2.45	(2.65)	22.15
EVRI	0.14	0.04	(0.43)	0.74	0.00	(0.20)	0.37	(0.23)	0.83
AGS	0.17	0.02	(0.40)	0.67	0.00	(0.22)	0.44	(0.26)	1.04
ACEL	0.98	(0.09)	(0.06)	0.04	1.22	(1.06)	2.04	(2.40)	6.38
CHDN	1.00	(0.10)	(0.07)	0.03	1.19	(1.15)	2.12	(2.15)	9.87
GAN	0.76	0.05	(0.02)	0.30	0.77	(1.29)	2.26	(1.66)	6.72
RSI	2.16	0.51	0.23	0.41	2.15	(2.59)	5.15	(3.74)	11.63
LTRY	4.55	(1.45)	0.00	(0.61)	0.00	0.00	8.00	(13.33)	34.30
PDYPY	1.48	0.06	(0.06)	0.00	1.88	(1.53)	2.53	(2.83)	9.24

Be your own money manager

Our tools can tell you how much better you can do entering a position in Kambi Group without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Kambi Group Corporate Management

Mia Nordlander	Head Relations	Profile
David Carter	Chief Officer	Profile
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